Coal Energy ups top line 1.4x, bottom line 1.9x y-o-y in Jul-Sept 2011

Coal Energy (CLE PW), a WSE newcomer, reported a 36% y-o-y increase in revenue to USD 39.7 mln in the first quarter of its 2012 financial year (July-September). The company increased exports in its sales structure to 49% in 1Q of FY2012 from 26% a year ago. EBITDA for the quarter improved 86% y-o-y  more →

EBRD OKs USD 36 mln loan to Sadovaya Group

The European Bank for Reconstruction and Development’s board of directors, at a meeting yesterday, approved a loan of up to USD 36 mln for Ukrainian coal miner Sadovaya Group (SGR PW). Loan proceeds will be used to finance Sadovaya’s USD 48 mln coal waste recovery project. Sadovaya owns  more →

Minimum land lease rate to increase by 76% as of January 1, 2012

The Cabinet of Ministers issued a decree that increases the nominal cadastre value of agricultural land by 76% as of January 1, 2012. This nominal cadastre value, which varies by region, is used to calculate the minimum lease rate which farming companies have to pay land owners. The State Agency of  more →

Moratorium on agri land trade could be extended until end-2012

The moratorium on agricultural land sales could be prolonged until the end of 2012 (it is currently due to expire at the end of 2011), the deputy chairman of the State Agency on Land Resources announced yesterday. The agency expects the final draft of the Law on the Land Market to be submitted to pa more →

Poltavaoblenergo refused permit to buy 25% of Kyivenergo

Ukraine’s Antimonopoly Committee (AMC) refused to give a permit to Poltavaoblenergo (POON UK) to acquire a 25% stake in Kyivenergo (KIEN UK). The AMC said it based its decision on a procedural breach in the disclosure of the ultimate beneficiaries of Poltavaoblenergo. The auction for 25% of Ky more →

Motor Sich, Klimov JV to start making missile engines

A joint venture between Motor Sich (MSICH UK) and Russia’s Klimov plans to start production of P95 engines for guided air-to-surface missiles in Dubna (Russia) in 2012, the head of the JV said yesterday. Motor Sich currently produces 300 R95 engines per year, with Russia being its key consumer more →

Mriya raises 9M11 revenue 2.3x y-o-y to USD 112 mln

Mriya Agroholding (MAYA GR), a 240 ths ha farming company with a focus on sugar beets, reported a 129% y-o-y increase in 9M11 revenues to USD 111.9 mln in unaudited financials, part of which the company released yesterday. Mriya’s gross profit was USD 150.0 mln in 9M11 (down 4% y-o-y), includi more →

DTEK to consolidate 58% of Ukraine’s steam coal sector

Ukraine’s Energy Ministry plans to announce the winners of 49-year concession agreements for the nation’s two largest state-owned coal mines, Sverdlovantracit and Rovenkiantracit, on November 25, Interfax reported yesterday. Two bids were submitted by companies related to DTEK (DTEKUA) a more →

Bogdan Motors to approve additional shares issue on December 7

Bogdan Motors (LUAZ UK) will hold an EGM to approve results of additional shares issue on December 7, the company announced on Friday. In April, Bogdan Motors shareholders voted to place additional 1.430 bln of ordinary shares to increase company’s share capital by 33%. Bogdan Motors has not y more →

Kryukiv Wagon freight railcar output up 22% y-o-y in 10M11

Kryukiv Wagon (KVBZ UK) increased freight railcar production 22% y-o-y to 9,332 units in 10M11, the cmpany reported on Friday. October monthly output grew 49% y-o-y to 1,054 units, but remained flat m-o-m. Roman Dmytrenko: We expect freight railcar output for the year to exceed 11,000 units (up 21%  more →

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